Editorial: Competition in crisis

Author: | Published: 26 Sep 2012
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As the UK Office of Fair Trading makes clear in its foreword to this guide, competitive markets are of prime importance during economic downturns. It's obvious that antitrust authorities around the world are well aware of the importance of their role in hastening the sluggish global recovery.

Emerging markets are rapidly adopting and enhancing their competition frameworks. We've seen record-high enforcement levels by regulators focused on cartels and price-fixing. Protectionist policies are facing greater scrutiny. And fines have been increased - in some countries they have even been trebled.

But it's not just lawmakers and regulators that have responded to the new global dynamic. Post-crisis, the number and volume of cross-border deals and foreign investment in less explored markets continues to rise. This makes it more essential than ever to understand the antitrust regimes in different jurisdictions.

The regulatory changes aren't always obvious, and foreign companies need local guidance to ensure they achieve optimum commercial performance within the constraints of the ever-changing law.

In the 2012 edition of IFLR's Competition and Antitrust guide, we've tried to provide just that. We have collected contributions from all corners of the globe, and which span the full spectrum of antirust topics – from merger control to leniency programmes to behavioural penalties.

In today's economic uncertainty, I hope this proves a useful guide, and one you turn to often.

Danielle Myles

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